Lender Service Provider, a provider of secondary marketing, post-closing, compliance, quality control, business systems management, IT, and accounting for mortgage-related companies, announced the addition of Sonny Abassi as chief compliance officer.
Abassi, who joins LSP from the Structured Finance Industry Group, is the latest in a series of senior executive hires for LSP. In January, LSP added Shayan Salahuddin as chief executive officer and Christiaan Berge as chief operating officer.
At the Structured Finance Industry Group, Abassi (pictured above) was director of mortgage policy, focusing on GSE reform and restoring the private label securities market.
Earlier in his career, Abassi was an attorney with the U.S. Department of Housing and Urban Development’s Federal Housing Administration. After spending time working at law firms involved in the securitization of mortgages, Sonny spent nearly 11 years at Fannie Mae, both on the legal and business sides.
While at Fannie Mae, Abassi was associate general counsel for single-family mortgage securitization, and later assumed a business/compliance role working for an internal business client as director of mortgage-backed securities.
Salahuddin (pictured left) joined LSP from RoundPoint Financial Group, where he was executive vice president of capital markets and member of their executive committee. In this role, he oversaw pricing, hedging/pipeline management, securitization and trading, funding, and shipping activities.
Prior to joining RoundPoint, Salahuddin worked for more than 10 years with Fannie Mae’s capital markets organization, where he managed various mortgage-backed securitization portfolios and served as one of the main points of contact with government regulators.
Berge (pictured right) also joined LSP from RoundPoint, where he was vice president of capital markets. Prior to joining RoundPoint, Berge was also with Fannie Mae for more than years, working in two different analyst roles before being promoted to a senior trader of capital markets for mortgage trading.